Photo - Vacation Rentals in Valencia, Spain - co-investor/partner needed!
18628

Vacation Rentals in Valencia, Spain - co-investor/partner needed!

Ukraine, Kyiv city
Market: Real estate
Stage of the project: Prototype or product is ready

Date of last change: 30.05.2017
Min investment
$  10.000
0
Total required
$ 90.000
Rating
equalizer 137 из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

Looking for a partner to co-invest into vacation rentals in the south of Spain.
Looking for a co-investor or partner to invest into vacation rental real estate in Spain. I've been working in the hospitality industry for over 5 years as COO of hotel metasearch and as AirBNB host, and can take care of marketing and operations. I am looking for someone who is interested in co-owning a VR property and possibly help with other aspects of vacation rental business.

Preference would be given to a candidate who is interested in living in Spain for a 3-6 months in a year, while subletting the rest of the days via online booking platforms, such as Airbnb, Homeaway, and others to cover the annual costs and gain profits.

Current Status

Project is in planning phase. Evaluating various options for vacation rental properties. The final choice is on hold until I find a co-investor.    

Market

Vacation rental market has been a hot opportunity for investments, attracting over $100M in venture capital in the US and Europe. South of Spain has enjoyed a constant growth of tourism traffic.

Problem or Opportunity

Real estate in Spain is recovering after a deep dive in 2011-2012, but still hasn't reached the price levels of 2002-2006. The forecasts are that the real estate prices will continue to rise 10-15% for the next 3-4 years.

Solution (product or service)

Vacation rental services

Competitors

The competition is very fragmented, with a few large regional players. However, 99% are booked throughout the season, and around 70% are booked in the low season periods.

Advantages or differentiators

As I mentioned before, I've been working in the hospitality industry for over 5 years as COO of hotel metasearch and as AirBNB host, maintaining AirBNB SuperHost status. I am very familiar with the way how the VR marketplaces work, and am confident that I can generate a flow of clients from the first months, as well as maintain high level of customer service.

Finance

Total investment required is €90K. Part of this amount I contribute myself. Gross profit is in the range of €7-10K per annum.

Business model

Providing daily vacation rental services, marketed via online marketplaces, such as Airbnb, HomeAway, and others.  

Money will be spent on

Buying a real estate.

Offer for investor

Percentage of profits that corresponds to his share of investment.

Risks

There are some minor legal risks related to property ownership. To remedy, I am planning to use proven legal and real estate advisors who will help avoid them.  

Incubation/Acceleration programs accomplishment

none.

Won the competition and other awards

none.
Comments:

You need to login

5,00
1
2
3
4
5
1 voice
Log In/register
arrow_back
EN
more_horiz
close
visibility760
star0
Add to favorites
Delete from favorites
share
close
thumb_up1
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video